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Show XJ . PLAN PRINCE I CON FUTURE W ith the lead market dailv BhQWing j increased strength, the reopening of the Prince Consolidated mine at Pio che, Nev . Is one of the probabilities ! for early in 1922, and as the mine is' one of the in.ijui properties contiguous and tributary to Utah, the reaump-tlon reaump-tlon of activities will be one of the; noteworthy factors in quickening the Mlow of trade in the Intermountainjxe-Igion. Intermountainjxe-Igion. S An important campaign of deep' development de-velopment work was carried on in the property In 1921 and it proceeded far enough to prove that the lower reaches of the mine are rich in min eral. From the shallow upper workings work-ings Prince Con has produced three quarters of a million tons of oxidized lead-silver ore and has paid half a million dollars lb dividends The diamond dia-mond drilling operations carried on be j low the old workings indicated that even greater production Is to come At a depth of approximate 825 feet an ore beddlnn was disclosed that as saved 25 ounces of silver and $3 60 In gold per ton, and thai ore bedding was found to be 11 feet in depth This would mean that the company-has company-has a huge deposit of ore much richer than that from which its previous earnings have come. A new vertical shaft from tho surface to reach the new ore horizon was completed dur ing the ear. being sunk to a depth 1 below the ore deposits. The plan of operation calls for the sending up of I raise- to reai h the ore bed .md it is j along that line that work will be re-t re-t sumed as soon as condition- are b.e-t b.e-t lleved to warrant such action. Because of low metal prices and 5 high operating and shipping costs the J company has for some time been un -jable to ship its fluxing ore, but with t the metal market becoming firmer in tone the low grade may soon be ship I ped at a protit Money will then be-available be-available for the further penetration I of the newly found beds of richer ore, at greater depth Reorganization of tho company was 1 effected recently and Anthony H. God- be. Murray C. Godbo. George F WSJ son, Fred C Dern ami. Arthur Thorn a- won elected dlredBs Murray C. Godbe continues asnrne company's manager. Mr. Dern and Anthony H Godbe subsequently resigned, beinc succeeded by J E. Galigher and F C. Richmond, Mr. Galigher b'-inc elected president. |